RBC Capital Remains a Buy on Lightspeed POS Inc (LSPD)
RBC Capital analyst Daniel Perlin maintained a Buy rating on Lightspeed POS Inc yesterday and set a price target of $10.00.
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According to TipRanks, Perlin is an analyst with an average return of -7.5% and a 41.37% success rate. Perlin covers the Technology sector, focusing on stocks such as Lightspeed POS Inc, Broadridge Financial Solutions, and Jack Henry & Associates.
In addition to RBC Capital, Lightspeed POS Inc also received a Buy from BTIG’s Andrew Harte in a report issued yesterday. However, today, ATB Cormark Capital Markets maintained a Hold rating on Lightspeed POS Inc (TSX: LSPD).
Based on Lightspeed POS Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$314.38 million and a GAAP net loss of C$2.36 million. In comparison, last year the company earned a revenue of C$304.94 million and had a GAAP net loss of C$49.57 million
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LSPD in relation to earlier this year.
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